The Financial Times reported that thousands of regulatory and compliance jobs will disappear “as the world’s biggest banks harness artificial intelligence systems.” “In a report called ‘digital disruption’ sent to clients this week, Citi said there was a ‘huge cost take-out opportunity for financial institutions’ from the fast-growing area of regulatory technology or regtech.”

Companies in San Francisco pay six-figure salaries to entry-level tech workers. But a public university there is laying off some of its own IT staff and sending the jobs to a contractor in India. Source: Outsourcing IT: In San Francisco, Some Tech Jobs Are Moving To India : All Tech Considered : NPR

The discontent driving Donald Trump’s campaign stems in part from the dashed employment promises of the late 1990s. Technology companies moved manufacturing jobs outside the U.S., the newest giants need fewer workers and the number of startups fizzled. Source: America’s Dazzling Tech Boom Has a Downside: Not Enough Jobs – WSJ